Updates

Higher foreign ownership limits to boost UAE investment flows

  • 9th Sep 2019

Article Credit: https://lnkd.in/fK3kysE

Increasing foreign ownership would enable UAE banks to broaden investor base

UAE’s Federal Tax Authority launches awareness campaign on expanding excise tax scope

  • 2nd Sep 2019

Article Credit: https://lnkd.in/fw74ajz

The campaign will consist of two categories of workshops

How to: Make a comprehensive will in the UAE according to experts

  • 26th Aug 2019

Article Credit: https://lnkd.in/f5nXbMR

When you decide to make a will, ensure you pen a full list of assets, even bank details

New electronic tax system in UAE

  • 19th Aug 2019

Article Credit: https://lnkd.in/fe4q6Ft

Meant to ensure accuracy and transparency, as well as develop tax system as a whole

UAE: Your Views on the Proposed New DIFC Data Protection Law, July 2019

  • 14th Aug 2019

Article Credit: https://lnkd.in/fCTeCPA

The Dubai International Financial Centre Authority recently published a consultation paper seeking views on the new DIFC Data Protection Law.

New rule on wills out for Non-Muslims in the UAE

  • 6th Aug 2019

Article Credit: https://lnkd.in/fJf4Eij

DIFC Courts in Dubai now accepting wills with assets across the UAE and even abroad

UAE VAT collection set to grow 30% to Dh35 billion in 2019

  • 30th Jul 2019

Article Credit: https://lnkd.in/gWKPUnV

VAT revenues would easily be Dh35 billion-plus this year.

UAE firms look to AI to transform security systems

  • 23rd Jul 2019

Article Credit: https://lnkd.in/fHEwpzg

AI could contribute $320B to the Middle East economy in 2030, equivalent to 11% of GDP

Why are wills necessary for expats in UAE

  • 15th Jul 2019

Article Credit: https://lnkd.in/fweYkvC

The process becomes extremely stressful, if the families do not have a will in place.

UAE introduces country-by-country reporting for companies

  • 9th Jul 2019

Article Credit: https://lnkd.in/fXGZSyH

Move to strengthen international regulations in line with OECD countries, which will also change compliance landscape in the country

100% foreign ownership in 122 UAE economic activities

  • 3rd Jul 2019

Article Credit: https://lnkd.in/f8zyNHq

Decision approved during Tuesday’s Cabinet meeting Chaired by Shaikh Mohammad Bin Rashid

Financial laws compliance is a must for companies in UAE

  • 24th Jun 2019

Article Credit: https://lnkd.in/fNMwzQi

Biggest challenge companies face is implementation as it entails additional costs

Quality of life: How the UAE seeks to lead the world

  • 18th Jun 2019

Article Credit: https://lnkd.in/fHzJNiS

UAE Cabinet approves National Strategy for Wellbeing 2031

UAE optimistic about AI inclusion at workplace

  • 11th Jun 2019

Article Credit: https://lnkd.in/fjcCXw9

The UAE is synonymous to being addressed as ‘bed of innovation’ and soon residents will get another peek of how artificial intelligence and robotics will be adapted in day-to-day lifestyle.

The gold card represents a golden ticket for UAE real estate

  • 28th May 2019

Article Credit: https://lnkd.in/fbFvXYs

Permanent residency option in UAE can pull in new fund flows into the sector

UAE marks 500 successful days of value-added tax

  • 21st May 2019

Article Credit: https://lnkd.in/fT9Fsfs

Tax came into effect on January 1, 2018, at a rate of five percent on the supply of most goods and services.

How new UAE policy will impact jobs

  • 14th May 2019

Article Credit: https://lnkd.in/fv4jVMR

The strategy will also focus on sectors like resources and energy; logistics and transportation; tourism and hospitality.

How can you recover loans in UAE

  • 6th May 2019

Article Credit: https://lnkd.in/gEWUcfF

If a person has defaulted on a loan amount below Dh50,000, the lender can lodge a civil complaint.

WEF launches Dubai Centre for the Fourth Industrial Revolution

  • 29th Apr 2019

Article Credit: https://lnkd.in/fqdbdbU

UAE is one of the select few centres in the world that will work on drafting legislation and gauging impact of artificial intelligence

UAE’s new FDI law could accelerate inflows by up to 20%

  • 24th Apr 2019

Article Credit: https://lnkd.in/fVpxEdw

Non-oil GDP is forecast by the Central Bank of the UAE to expand at 3.4 percent in 2019 compared to 2.6 percent in 2018.

78% people in UAE willing to help after Good Samaritan Law is introduced

  • 15th Apr 2019

Article Credit: https://lnkd.in/f3j9VhF

The UAE is soon set to become the first Arab country to pass a ‘Good Samaritan Law’.

UAE Issues Cabinet Resolution Implementing the New AML Law

  • 8th Apr 2019

Article Credit: https://lnkd.in/fJQhf6g

Following the enactment of a new anti-money laundering law in late 2018, on 28 January 2019 the UAE issued Cabinet Resolution No. 10 of 2019, which contains the provisions necessary for implementing the AML Law.

UAE’s FTA sees more businesses registering for taxes in 2019

  • 1st Apr 2019

Article Credit: https://lnkd.in/fvk2dDr

The number of UAE businesses registering for VAT to grow as more companies mature and become eligible for taxation

UAE’s export credit agency and largest bank enter partnership

  • 26th Mar 2019

Article Credit: https://lnkd.in/fk_yWss

Etihad Credit Insurance (ECI) and First Abu Dhabi Bank (FAB) have partnered to help local businesses with their trade finance needs and support their international expansion.

United Arab Emirates’ Financial Authorities Host Crypto Asset and Fintech Forum

  • 18th Mar 2019

Article Credit: https://lnkd.in/frdp7q5

The United Arab Emirates Banks Federation (UBF) and the Abu Dhabi Global Market (ADGM) hosted a joint forum on crypto assets and fintech.

UAE, OECD sign 3-year extension on international tax principles cooperation

  • 12th Mar 2019

Article Credit: https://lnkd.in/fymg6PP

DUBAI, 11th March, 2019 (WAM) — The Ministry of Finance, MoF, held an official ceremony today to celebrate 30 years of signing the avoidance of double taxation and bilateral investment agreements. A press conference to announce and sign a three-year extension of the MoU between the UAE and the Organisation for Economic Cooperation and Development, OECD, also took place.

Landlord is responsible for building’s maintenance in UAE

  • 29th Jan 2019

Article Credit: https://lnkd.in/fzeQiw5

It is the landlord’s obligation to handle maintenance of the property.

VAT in UAE: You need to deregister if…

  • 21st Jan 2019

Article Credit: https://lnkd.in/fEzZnjA

Taxable persons/companies must apply for this if they fulfill any of the conditions laid down by the law.

You could be detained, fined if cheque is dishonoured in UAE

  • 15th Jan 2019

Article Credit: https://lnkd.in/fzCc6HF

Detention or a fine shall be imposed on anyone who in bad faith, gives a draft (cheque) without a sufficient and drawable balance.

New ‘Good Samaritan’ law set to be finally introduced in UAE

  • 9th Jan 2019

Article Credit: https://lnkd.in/f9nSVq5

The legislation – which will be sent to the Cabinet for review – protects those who come to aid of others from legal repercussions

Sheikh Mohammed issues resolution on UAE’s Child Right’s Law

  • 27th Dec 2018

Article Credit: https://lnkd.in/fdeUwun

Employment of minors and restrictions on where children can be taken by adults are regulated under the law

How SME ‘Scale-Ups’ Can Boost Growth in UAE

  • 17th Dec 2018

Article Credit: https://lnkd.in/fuTywni

By: Mahmoud Makki and Reem Goussous

UAE sees future in artificial intelligence

  • 9th Dec 2018

Article Credit: https://lnkd.in/ffTNTrC

UAE officials are keeping an open and optimistic — yet cautious — mind regarding AI.

UAE, GCC can bank on financial sector

  • 27th Nov 2018

Article Credit: https://lnkd.in/etR8N6N

Regional banking system has strong fiscal position and governments have ability to support if needed

New laws to boost banking sector in UAE

  • 22nd Nov 2018

Article Credit: https://lnkd.in/fbTmZgf

The string new legislation includes the netting law, public debt law and central bank law.

UAE issues new law to regulate future technologies

  • 13th Nov 2018

Article Credit: https://lnkd.in/fu-fWXb

It aims at providing a safe test environment for legislation.

New law enhances discretionary powers of UAE Central Bank

  • 6th Nov 2018

Article Credit: https://lnkd.in/fEgpmKp

Licencing and regulation of institutions and financial services of all kinds enabled

UAE issues new law governing central bank, financial institutions

  • 29th Oct 2018

Article Credit: https://lnkd.in/gVvEJym

The new law raises the central bank’s capital to Dhs20bn

More clarity needed for VAT on healthcare, education in UAE

  • 22nd Oct 2018

Article Credit: https://lnkd.in/fbhgAWj

Education and healthcare have largely been kept out of VAT, with majority services zero-rated.

UAE issues Public Debt Law to allow federal bond issuance

  • 15th Oct 2018

Article Credit: https://lnkd.in/fXi4JPy

A new law permits the UAE Federal Government to issue sovereign debt for the first time.

New UAE foreign ownership law won’t harm Emirati partners, freezones, officials say

  • 9th Oct 2018

Article Credit: https://lnkd.in/fdqH-rs

In May, the UAE Cabinet approved the 100 percent foreign ownership of companies in the country, which had previously been limited to those companies based in freezones.

‘UAE public debt law to be issued soon’

  • 2nd Oct 2018

Article Credit: https://lnkd.in/f2rCCsT

The public debt law has been long-delayed and the ministry has been working on it for years.

VAT not recoverable on staff parties in the UAE, clarifies regulator

  • 25th Sep 2018

Article Credit: https://lnkd.in/fDysZ7h

Companies cannot recover the tax incurred on goods or services purchased to be given away to staff free of charge.

UAE President issues Decree amending Commercial Companies Law

  • 17th Sep 2018

Article Credit: https://lnkd.in/ff6_HmY

President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No. 07 of 2018.

UAE to invest Dh1.3 trillion in Energy, utilities and transportation sectors

  • 10th Sep 2018

Article Credit: https://lnkd.in/fXZierA

Energy, utilities and transportation take lion’s share of infrastructure investment

Let’s Get Legal: Determining Contracts For Your Brand’s Influencers

  • 4th Sep 2018

Article Credit: https://lnkd.in/fZXn_SN

Opinions expressed by Entrepreneur contributors are their own.

Concerns for disruption see UAE consumer goods CEOs embrace AI

  • 27th Aug 2018

Article Credit: https://lnkd.in/fA5fQEm

A new survey by KPMG has revealed that chief executives operating in the Middle East consumer goods sector are being confronted with market disruption from competitors at a greater rate than elsewhere.

Legal Advice Before Leg Work In The UAE

  • 19th Aug 2018

Article Credit: https://lnkd.in/fSkUJhV

Opinions expressed by Entrepreneur contributors are their own.

An Introduction To The Legal Landscape Of The UAE

  • 13th Aug 2018

Article Credit: https://lnkd.in/gnNWPKd

Opinions expressed by Entrepreneur contributors are their own.

The How-To: Making The Right Hiring Decisions For Your UAE Startup

  • 6th Aug 2018

Article Credit: https://lnkd.in/fpcEHPw

Opinions expressed by Entrepreneur contributors are their own.

VAT q&a: ‘Do I have to pay VAT twice on an item posted to the UAE?’

  • 9th Jul 2018

Article Credit: https://lnkd.in/fC48KhY

The Dubai resident paid a goods and service tax in Australia as well as UAE VAT when it arrived here.

UAE regulator to launch SME financing platform

  • 2nd Jul 2018

Article Credit: https://lnkd.in/fesxj23

The Securities and Commodities Authority said the platform would raise funding in a similar manner to collective project financing

UAE Federal Tax Authority Urges Registrants to Use Voluntary Disclosure Form Only in Case of Errors

  • 26th Jun 2018

Article Credit: https://lnkd.in/gJYt35j

The Authority stressed that the voluntary disclosure form should not be used except for the referred cases only, indicating that Article 10 of the Law identifies specific cases for the provision of voluntary disclosure.

UAE well-positioned to be a regional leader in building transparency, increasing trust in government

  • 19th Jun 2018

Article Credit: https://lnkd.in/fyungYf

The UAE government has ranked among the most trusted in the 2018 Edelman Trust Barometer, with an extreme trust gain in the most recent report.

The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued two federal laws concerning waqf and arbitration.

  • 11th Jun 2018

Article Credit: https://lnkd.in/fQjTxr7

The laws have been published in the official gazette.

UAE retail sector continues to grow

  • 4th Jun 2018

Article Credit: https://lnkd.in/fDEYiAF

VAT has spurred UAE retailers to refocus on how they deliver customer value.

Artificial intelligence set to boost UAE economy by 2035

  • 27th May 2018

Article Credit: https://lnkd.in/fMajgfk

Globally, AI will lead to an economic boost of $14 trillion, according to Accenture research

UAE-based influencers will need two licences to legally operate

  • 14th May 2018

Article Credit: https://lnkd.in/fmJ_c4d

UAE influencers will need to obtain a trade licence before they can apply for their special e-media licence

Dubai Holding to Launch Region’s First Digital Bank

  • 9th May 2018

Article Credit: https://lnkd.in/f7Jrxzk

Dubai Holding, the global investment holding company, has announced it will invest up to AED 1 billion over the next five years to launch a next generation digital bank for the UAE.

Crypto Billioinaires to gather in Dubai at the most exclusive Coinsbank event of the year.

  • 30th Apr 2018

Article Credit: https://lnkd.in/fbJvd5n

Futurama Blockchain Innovators Summit will host foundation investors, innovators and influencers that helped put Blockchain technology in world map.

The Dubai Land Department (DLD) has proposed a new mortgage and finance law to boost funding for Dubai real estate market.

  • 23rd Apr 2018

Article Credit: https://lnkd.in/f7nijR3

New regulation is likely to further integrate the real estate market with capital markets

Dubai’s DIFC announces three new initiatives to cement global status.

  • 19th Apr 2018

Article Credit: https://lnkd.in/f9hWhE6

Dubai’s DIFC launches new drive to attract Asian investment.

Hackathon for future justice at DIFC’s Dispute Resolution Authority

  • 10th Apr 2018

Article Credit: https://lnkd.in/f7Zxh6c

Impact of emerging disruptive technologies for lawmakers and legal systems.

You can be detained, fined for dishonoured cheque in UAE.

  • 5th Apr 2018

Article Credit: https://lnkd.in/ePCsqH2

Q- My father is a shareholder in the share capital of a limited liability company (LLC) incorporated in the UAE. He has a debt of approximately Dh700,000 for the loans/facilities availed from a bank by the LLC. The company has been incurring loss in business and therefore, he is unable to repay the loan to the bank. What could be the consequences if he is unable to make the payment or if the cheque is dishonoured?

Artificial Intelligence will revolutionise human life as we know it, says UAE minister.

  • 26th Mar 2018

Article Credit: https://lnkd.in/fqBDjTc

“Artificial intelligence will revolutionise human life as we know it,” says UAE Minister of State for AI Omar bin Sultan Al Olama.

All Dubai hospitals to go paperless by 2021.

  • 19th Mar 2018

Article Credit: https://lnkd.in/fgjGyc4

Electronic integration of public and private health facilities underway.

Smart Dubai introduces Artificial Intelligence in new upgrade to Dubai Now.

  • 12th Mar 2018

Article Credit: https://lnkd.in/fFcN-gq

Dubai – Smart Dubai has launched the new and improved version of its flagship Dubai Now platform and application, introducing artificial intelligence to the service, which will now feature Smart Dubai’s AI-powered smart city advisor “Rashid”.

Dubai ranked among the world’s top 10 international financial centres and FinTech hubs and the number one in the MEASA region

  • 7th Mar 2018

Article Credit: https://lnkd.in/fk9kr2y

Maktoum bin Mohammed: “DIFC is constantly exploring new opportunities to ensure the development of the regional financial services landscape”

Dubai is one of the best cities for innovation

  • 26th Feb 2018

Article Credit: https://lnkd.in/fHpBdF4

Dubai climbs Innovation Index to rank 14th among top 30 global cities.

Smart Dubai has announced a partnership with the emirate’s Supreme Legislation Committee (SLC), which will see the launch of a new system for the collection and exchange of data.

  • 19th Feb 2018

Article Credit: https://lnkd.in/dS6FZPB

Younus Al Nasser, assistant director general of Smart Dubai, announces the Dubai Data Policies

World Government Summit kicks off in Dubai

  • 12th Feb 2018

Article Credit: https://lnkd.in/eGG7phZ

The sixth edition of the World Government Summit (WGS 2018) gets underway today, featuring more than 130 speakers across 120 interactive sessions and over 4,000 participants from 140 countries.

Dubai is aiming to be blockchain capital of the world, says director general of Smart Dubai.

  • 15th Jan 2018

Article Credit: https://lnkd.in/fdxUWaK

Smart City, the Dubai Government agency entrusted with making Dubai the world’s happiest and smartest city, said it was close to rolling out 20 blockchain applications in a number of civic agencies including the Roads and Transport Authority in order to bring greater efficiency.

Adoption of VAT in the UAE will have a positive effect on its development and competitiveness, says Ministry of Finance.

  • 9th Jan 2018

Article Credit: https://lnkd.in/ft9tGK9

DUBAI: The Ministry of Finance stated that adopting value-added tax (VAT) in the UAE will have a positive effect on its development and competitiveness — and will contribute to building a sustainable knowledge-based economy for future generations, as the tax will provide additional financial resources and enable the UAE government to realise its strategy and guarantee a prosperous future.

Dubai to have one-stop labour court by end of 2018.

  • 2nd Jan 2018

Article Credit: https://lnkd.in/fqvfXk7

The Dubai Municipality has started work on a Dh135 million worth labour court project in Al Ruwaiya area, scheduled to be completed by the end of next year.

VAT: What Buyers and Renters Need to Know Now.

  • 19th Dec 2017

Article Credit: https://lnkd.in/fZNaW4y

• Real estate brokering is defined as a service under the new UAE tax law, which will take effect 1 January 2018.
• This means that UAE residents renting or buying property in the UAE will pay an additional 5% to the UAE government, collected by their broker, on the total commission of rent or sale.

Know the law: Banks can initiate action if loan instalment is not paid.

  • 10th Dec 2017

Article Credit: https://lnkd.in/fUQ-jKR

I have been using a credit card for the last 10 years and my repayments were always made on time. But recently, due to a crisis within my company, my salary was reduced and I was not able to make the credit card payments as I also have another bank loan. I have defaulted on my credit card payments for the last four months and the bank/finance company has served me with a legal notice. What is the legal process to be followed here?

The Dubai International Financial Centre (DIFC) Courts and Dubai Future Foundation have invited global experts in law, technology, IT and business to offer their insights on rules governing what will constitute the courts of the future.

  • 29th Nov 2017

Article Credit: https://lnkd.in/fjieZwE

Launched through a worldwide open-source consultation alongside the World Economic Forum’s Annual Meeting of the Global Future Councils 2017, the forward-looking rules devised by the Courts of the Future Forum are designed to help ‘techpreneurs’ and companies of the future innovate securely.

Start adding VAT clauses to your service contracts, lawyers warn.

  • 22nd Nov 2017

Article Credit: https://lnkd.in/fKjXtEk

Dubai: Historically, since the UAE has not had any forms of taxation, businesses are struggling to introduce language in their service contracts for the upcoming introduction of the value-added tax on January 1.

Dubai’s Courts will soon be able to issue fines for some minor offences like bounced cheques and swearing.

  • 14th Nov 2017

Article Credit: https://lnkd.in/fUZ5WsW

Gulf News reports that the emirate’s attorney general Essam Eisa Al Humaidan has issued the new decision, which will allow prosecutors in the Deira, Bur Dubai and the family and juvenile courts to start issuing criminal orders from December 4.

Dubai’s DIFC Courts to allow defendants to be served through direct messages to give defendants notice as part of an expanded range of e-services.

  • 7th Nov 2017

Article Credit: https://lnkd.in/fHciXqT

Dubai’s DIFC Courts Small Claims Tribunal (SCT) will now offer claimants direct and instant messaging to give defendants notice as part of an expanded range of e-services.

Alternative real estate investment assets; the pros and cons of REITs and crowdfunding.

  • 31st Oct 2017

Article Credit: https://lnkd.in/frTB8jc

While Real Estate Investment Trusts (REITs) are common in many real estate markets around the world, they are relatively new in the Middle East, with the Emirates REIT being the first, launched in 2010.

Dubai to leverage its high global financial hub rankings

  • 24th Oct 2017

Article Credit: https://lnkd.in/fpQgrZ6

Dubai: Dubai is seeking to consolidate its growing leadership status in global finance with a combination of initiatives aimed at deepening its financial cluster, enhancing infrastructure, expanding access to talent, and increasing its financial industry’s ability to tap vital trade corridors.

DIFC Authority issues Consultation Paper on Proposed Common Reporting Standard Law, DIFC Law No. 7 of 2017.

  • 16th Oct 2017

Article Credit: https://lnkd.in/fVh3ZGs

Dubai International Financial Centre Authority has announced for public consultation proposed Common Reporting Standard Law, DIFC Law No. 7 of 2017 & Regulations.

The UAE banking sector’s continuation of being ranked first represents an evidence of the financial solvency it enjoys, experts say.

  • 9th Oct 2017

Article Credit: https://lnkd.in/fFQrhkg

Abu Dhabi: The UAE banking sector has continued to top other GCC (Gulf Cooperative Council) counterparts in terms of assets value in the first half of 2017, with a total value of $723 billion in 48 banks operating in the country, a growth rate of 1.7 per cent compared to 2016.

Now you can register ‘online will’ in Dubai

  • 4th Oct 2017

Article Credit: https://lnkd.in/fHcSTBQ

DIFC Wills and Probate Registry on Saturday launched the Virtual Registry that allows international investors to register and witness their will directly through new smart service.

DIFC Reveals New Investment Opportunities In MEASA Region

  • 25th Sep 2017

Article Credit: https://lnkd.in/fbbuchq

Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (MEASA), has today published the “DIFC Wealth & Asset Management Report 2017: Mapping Opportunities in MEASA Region” in partnership with Thomson Reuters. The report explores the latest investment opportunities in the region, while providing a five year projection for Assets Under Management (AuM) in key MEASA countries.

DIFC Courts rolled out a specialised sub-division that will streamline the resolution of legal cases involving complex technology and construction disputes.

  • 18th Sep 2017

Article Credit: https://lnkd.in/fW5ckF6

DIFC Courts rolled out a specialised sub-division that will streamline the resolution of legal cases involving complex technology and construction disputes.

Dubai’s DIFC named among world’s top 10 financial hubs.

  • 5th Sep 2017

Article Credit: https://lnkd.in/fNjb9Rb

Dubai has been ranked 10th in The Banker magazine’s annual international financial centre (IFC) rankings, placing it alongside hubs such as London, New York, Hong Kong and Singapore.

Law provides for refunds to off set double taxation

  • 30th Aug 2017

Article Credit: https://lnkd.in/eqHyMnc

Dubai: As excise tax is a tax which is only levied once in the supply chain, there is expected to be a refund mechanism for businesses which may have paid this tax more than once.

Circular issued by Dubai Multi Commodities Centre addresses issue of crowding in posh community.

  • 30th Aug 2017

Article Credit: https://lnkd.in/fdpyecN

Dubai: Community managers have been given 30 days to identify crowded units in Jumeirah Lake Towers (JLT), a posh Dubai community.

President issues new UAE tax procedures law.

  • 17th Aug 2017

Article Credit: https://lnkd.in/evfuGPq

The President, His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued the landmark Federal Law No. 7 of 2017 for Tax Procedures, which sets the foundations for the planned UAE tax system, regulating the administration and collection of taxes and clearly defining the role of the Federal Tax Authority, FTA.

Ministry of Human Resources and Emiratisation (MOHRE) has rolled out six initiatives to ensure labour disputes in Dubai are settled in 10 days, instead of 30.

  • 17th Aug 2017

Article Credit: https://lnkd.in/ffxgdsn

Ministry of Human Resources and Emiratisation (MOHRE) has rolled out six initiatives to ensure labour disputes in Dubai are settled in 10 days, instead of 30.

Status of the company during the liquidation process in Legal perspectives.

  • 17th Aug 2017

Article Credit: https://lnkd.in/fsfttKN

During the past few weeks, I have explained the instances wherein a company could be dissolved due to the occurrence of any of the conditions stipulated in the Commercial Companies Law. The dissolution, legally speaking, leads to the liquidation of the company. This leads to an important question: what is the status of the company during the liquidation process?